Name: ation system add value information so that value chain activities organidivities can be to an How does an accounti 7. a. It provides accura performed more eficctively b. It improves the quality and reduces the costs of products c. It improves decisonmaking capabilities.roducts or d. all of these. 8. Which of the following is a characteristic of useful information a. relevance b. reliability c. completeness d. understandability e. all of the above Which of the following is a stake 9. holder group? owners and investors a. b. employees c. customers d. society as a whole all of the above e. _ 10. Which of the following are users of financial information? a. investors b. creditors management d. financial analysts all of the above c. e. 11. What is the primary purpose of accounting information for extermal users? a. to facilitate pricing and costing decisions by investors b to enable investment decisions to be made among altemative investments c to communicate the stages of the management process d. to provide information about all stages of the management cycle 2. Which of the following is a financial performance measure? a Return on investment b. Net income as a percentage of sales Return on assets c. d. relationship of debt to equity all of the above e. Financial data is important to management because a nonfinancial data are usually ineleant